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0:00 Intro  

5:01 Need to Know

17:52 Trends 

20:50 Best Public Ideas 

26:03 Best Private Ideas 

31:12 Interesting Sh*t 

42:25 Call In

Macro:
[ECB RATE HIKES] European Central Bank Confirms July Rate Hike Plans, Raises Inflation Projections - CNBC
[REDUCING CHINESE TARIFFS] U.S. Considering Reducing Tariffs on China to Ease Inflation, Yellen Says - WSJ

• Related: China's Exports Rebounded in May as Covid Restrictions Eased

[GLOBAL OIL PRICES] U.S., European Allies Try to Restrain Global Oil Prices - WSJ

Crypto:
[TERRA FALLOUT] Tether Cedes Territory to Rival Stablecoins as Crypto Investors Diversify - WSJ
South Korea Investigates Terra Labs for Alleged Bitcoin Embezzlement Following UST Collapse - CoinDesk

Business:
[TWITTER BOT DATA] Twitter Will Reportedly Hand Over Internal Data to Soothe Musk's Bot Fears - TechCrunch

• Yesterday, U.K.-based GlobalData published a study alleging that at least 10% of Twitter users could be bots.

[ROBINHOOD VS. SEC] Robinhood Executive Attacks SEC’s Plans to Shake Up Stock-Trading Rules - WSJ
[EXXON RECORD HIGHS] Exxon's Stock Hits First Record High in Eight Years - YahooFinance

Events:
CPI at 8:30 tomorrow

Earnings:
Today PM: DocuSign, Vail Resorts, Stitch Fix

Walmart Heir Rob Walton Agrees to Buy Denver Broncos for $4.65 Billion - WSJ

• Most for an American sports franchise ever

Macro:
[INFLATION PERSISTING?] Janet Yellen and World Bank Expect Elevated Inflation to Persist - WSJ
[AMERICAN TRAVEL] Americans Poised to Travel Overseas at Near Pre-Covid Levels This Summer - WSJ
[MORTGAGE DEMAND FALLS] Mortgage Demand Falls to Lowest Level in 22 Years - CNBC

Crypto:
[PAYPAL CRYPTO TRANSFERS] PayPal Enables Crypto Transfers to External Wallets, Exchanges - Blockworks
[SOLANA’S INVESTMENT] Solana Commits $100M to Support South Korean Crypto Projects - CoinDesk

Business:
[CREDIT SUISSE LOSS] Credit Suisse Warns of Another Loss as Capital Recedes - WSJ
[SPIRIT DELAYS] Spirit Airlines Shareholder Meeting Postponed to Continue Deal Talks - CNBC

Earnings:
Today PM: Five Below, Skillsoft
Tomorrow AM: Nio, Bilibili

Macro:
[COMMERCIAL DECLINES] Commercial Property Sales Slow as Rising Interest Rates Sink Deals - WSJ
[NEW SEC RULES?] SEC Closes In on Rules That Could Reshape How Stock Market Operates - WSJ

Crypto:
[CRYPTO BILL] Key US Senators Introduce Crypto Bill Outlining Sweeping Plan for Future Rules - CoinDesk
[BINANCE INVESTIGATION] Binance Under SEC Investigation Over its 2017 ICO Listing - Blockworks

Business:
[APPLE WWDC 2022] Everything Apple Just Announced at the WWDC 2022 Keynote - TechCrunch
[ELON VS. TWITTER] Elon Musk Threatens to End Twitter Deal Over Lack of Information on Spam Accounts - WSJ

• Related: Texas Attorney General Opens Investigation of Twitter Bots

[TARGET’S WARNING] Target Warns Profit Will Drop Because It Has Too Much Inventory - WSJ

Other Headlines:
Peloton Hires AWS Exec As The New CFO - CNBC
BuzzFeed Shares Drop 41% in Wake of Investor Lockup Expiration - WSJ
Kohl's Enters Exclusive Sale Talks with Franchise Group - WSJ

Earnings:
Today PM: Dave and Busters, Smartsheet
Tomorrow AM: Campbell Soup, Brown-Forman

Macro:
[AMERICANS PESSIMISTIC] Inflation, Political Division Put U.S. in a Pessimistic Mood, Poll Finds - WSJ
[SOLAR TARIFF PAUSE] White House Set to Pause New Tariffs on Solar Imports for Two Years - WSJ

Crypto:
[FRAUDS & SCAMS] Frauds and Scams Top $1B since 2021, FTC Says - Blockworks

• Related: BAYC Discord Compromised, NFTs Totaling 200 ETH Stolen

[BINANCE + PANCAKESWAP] Binance Labs Invests in DEX PancakeSwap; CAKE Jumps Nearly 10% - CoinDesk

Business:
[RETAIL INVENTORIES] Macy’s, Gap and Other Clothing Stores Are Stuck With the Wrong Items - WSJ
[ICAHN DROPS GLOVES] Carl Icahn Dropping Proxy Fight Over Pig Treatment at Kroger - WSJ
[JETBLUE BOOSTS SPIRIT DEAL] JetBlue Sweetens Offer for Spirit Airlines - Reuters

Other stories:
Amazon Split: 20-to-1 this morning
Chinese Ride-Hailing Giant Didi Surges 50% After Reports That Regulators Are Ending Probes - CNBC
Additions/Deletions from the S&P 500 - Newswire
FYI****: CPI Data comes Friday

Market Movers - CNBCEarnings:
Today PM: NGL Energy, Coupa Software, GitLab
Tomorrow AM: Academy Sports and Outdoors

Macro:
[ECONOMIC HURRICANE] Jamie Dimon Says U.S. Consumers Still Have Six to Nine Months of Spending Power - WSJ
[BIDEN: “NO QUICK FIX”] Biden Says No Short-Term Fix to High Energy, Grocery Prices - WSJ

• Related: Companies Struggle With Rising Prices, Fed’s Beige Book Says

Crypto:
[SOLANA HALTED] Solana Halted by Bug Linked to Certain Cold Storage Transactions - CoinDesk
[NFT INSIDER TRADING] Former OpenSea Exec Charged With NFT Insider Trading - Blockworks

Business:
[SANDBERG STEPS DOWN] Sheryl Sandberg Steps Down From Facebook's Parent Company, Meta - NYT
[GAMESTOP EARNINGS] GameStop Reports $158 Million Loss and Decline in Hardware Sales - CNBC
[SPAC DEALS FALL THROUGH] SeatGeek and Forbes Nix SPAC Deals During Market Pullback - WSJ

Events:
ADP Employment at 9:15 am
OPEC+ Meeting

Earnings:
Today PM: Crowdstrike, Lululemon, RH, Okta, Asana, Samsara
Tomorrow AM: BRP Inc.

Macro:
The Fed will start shrinking its $8.9 trillion balance sheet this month. The first set of securities will run off on June 15th.
[TRAVEL VS. GAS PRICES] Americans Start Summer Travel Season Beset by Record Gas Prices - WSJ

• The national average price for a gallon of regular unleaded gas hit $4.67 as of this morning, according to AAA.

[SHANGHAI REOPENS] Shanghai Ready to Exit Lockdown as Covid Cases Drop - WSJ

Crypto:
[CRYTPO COUNTER LOBBY] Tech Experts 'Counter-Lobby' Washington Criticizing Crypto, Blockchain - CoinDesk
[BINANCE FUND] Binance Launches $500M Fund to Drive Web3 Adoption - Blockworks

Business:
[SALESFORCE JUMPS] Salesforce Sales Jump 24%, Easing Concerns About Business Demand - WSJ
[HP EARNINGS] HP Lifts Earnings Outlook Despite Supply-Chain Disruptions - WSJ
[BNPL PAIN] Missed Payments, Rising Interest Rates Put ‘Buy Now, Pay Later’ to the Test - WSJ

Events:
JOLTS Job Openings 10:00 am
ISM Manufacturing – May 10:00 am
Construction Spending – April 10:00 am
Fed’s Beige Book 2:00 pm

Earnings:
Today PM: GameStop, Chewy, HP Enterprise, C3.ai, MongoDB, UiPath, PureStorage, Elastic, Veeva
Tomorrow AM: SpartanNash, Hormel Foods

Macro:
[FOMC MINUTES] Fed Minutes Show Urgency for Raising Rates to Tame High Inflation - WSJ
[INFLATION TOP?] CBO Boosts U.S. GDP Growth Estimates, Says Inflation Has Topped - CNBC

• First-quarter GDP declined 1.5%, worse than thought; jobless claims climb - CNBC

Crypto:
[CRYPTO DEBATE] The Crypto Security Debate Goes to Court - WSJ
[SALVAGING TERRA?] Terra Averts Total Collapse With Plan to Split Blockchain - Bloomberg

Business:
[NVDA EARNINGS] Nvidia Stock Falls on Light Guidance, CFO Says Company Will Slow Hiring - CNBC

• Jake will go over some things during the ROIC stream

[SNOW FALLS] Snowflake Falls After Saying Slower Sales Growth Ahead - Yahoo
[BABA SURPRISE] Alibaba Beats Revenue Estimates On Demand For Niche China Shopping Services - Reuters

• Related: China Faces Growing Pressure to Iron Out Audit Deal With the U.S.

Other Headlines:

• Aramco Approached Valvoline About Potential Takeover of One of Its Units
• Apple Boosting Pay Budget for Workers Amid Tight Labor Market
• Broadcom’s $61 Billion VMware Buy Is a Bet on Unsexy Software
• Elon Musk Plans to Rely More Heavily on Equity for Twitter Deal

Market Movers:
https://www.cnbc.com/2022/05/26/stocks-making-the-biggest-moves-premarket-macys-twitter-medtronic-and-more.html

Earnings:
Today PM: Costco, Zscaler, AutoDesk, Ulta Beauty, Dell, Workday
Tomorrow AM: Canopy Growth, Big Lots, Pinduoduo

Macro:
[BIZ GROWTH SLOWING] Inflation, Rising Rates Curb Global Economic Growth - WSJ

• Durable goods came out at 8:30
• 0.4% growth YoY, 0.5% expected

[NEW-HOME SALES] New-Home Sales in April See Biggest Monthly Drop Since 2013 - WSJAlso: FOMC meeting minutes come out at 2:00 p.m.

Crypto:
[A16Z CRYPTO FUND IV] a16z Announces $4.5 Billion Web3 Fund Amid Market Turmoil - TechCrunch
[CRYPTO INSURANCE] Insurance Providers Rethink Their Approach to Crypto - WSJ

Business:
[TOLL BROTHERS EARNINGS] Toll Brothers Q2 Earnings and Revenues Surpass Estimates - Nasdaq
[STRONG RETAIL BRAND?] Nordstrom Raises Full-Year Outlook - CNBC
[MARKET MOVES] Stocks Making the Biggest Moves: Dick’s, Express, Wendy’s, and More - CNBC

Earnings:
Today PM: Nvidia, Snowflake, Splunk, Box, Williams-Sonoma
Tomorrow AM: Alibaba, Macy's, Dollar Tree, Dollar General, Baidu, Medtronic, Burlington

Macro:
[BIZ GROWTH SLOWING] Inflation, Rising Rates Curb Global Economic Growth - WSJ

• Durable goods came out at 8:30
• 0.4% growth YoY, 0.5% expected

[NEW-HOME SALES] New-Home Sales in April See Biggest Monthly Drop Since 2013 - WSJAlso: FOMC meeting minutes come out at 2:00 p.m.

Crypto:
[A16Z CRYPTO FUND IV] a16z Announces $4.5 Billion Web3 Fund Amid Market Turmoil - TechCrunch
[CRYPTO INSURANCE] Insurance Providers Rethink Their Approach to Crypto - WSJ

Business:
[TOLL BROTHERS EARNINGS] Toll Brothers Q2 Earnings and Revenues Surpass Estimates - Nasdaq
[STRONG RETAIL BRAND?] Nordstrom Raises Full-Year Outlook - CNBC
[MARKET MOVES] Stocks Making the Biggest Moves: Dick’s, Express, Wendy’s, and More - CNBC

Earnings:
Today PM: Nvidia, Snowflake, Splunk, Box, Williams-Sonoma
Tomorrow AM: Alibaba, Macy's, Dollar Tree, Dollar General, Baidu, Medtronic, Burlington

Macro:
[CEOS ON RECESSION] CEOs Fret Over Economy at the World Economic Forum - WSJ
[GOLDMAN’S TAKE] Stocks Will Bottom Once Fed Signals Shift, Goldman Says - Bloomberg

• There Is a Rush for Cash on Wall Street - WSJ

Crypto:
[CRYPTO STABILITY RISK] Crypto Shows All the Signs of Financial Stability Risk, ECB Says - Bloomberg
[FED SURVEY] Fed Survey: 12% of U.S. Adults Held Crypto in 2021 - CoinDesk

Business:
[SNAP PLUNGES] Snap Shares Plunge 30% After CEO Warns Company Will Miss Earnings Estimates - CNBC
[ZOOM EARNINGS] Zoom Pops on First Quarter Earnings Beat and Strong Guidance - CNBC
[AMAZON SUBLETS] Amazon Plans to Sublet Warehouse Space to Reduce Excess Capacity - WSJ

Additional Stories:
Airbnb China Closes Domestic Unit to Cut Costs As It Bets on Border Reopening - TechCrunch
Didi Says It Will Proceed With Delisting From NYSE - WSJ
Follow-up: Broadcom in Talks to Pay About $60 Billion for VMware - WSJ
Stocks Making Moves - CNBC

Additional Stories:
Today PM: Star Bulk, Nordstrom, Intuit, Toll Brothers
Tomorrow AM: Dick’s Sporting Goods, Express

Macro:
[STAGFLATION?] High Inflation, Slowing Growth Raise Risk of Global Downturn - WSJ
[LOAN DELINQUENCIES] More Subprime Borrowers Are Missing Loan Payments - WSJ

Crypto:
[CRYPTO TURMOIL?] More Crypto Market Turmoil Is Predicted by SEC Chairman Gary Gensler - WSJ
[FTX STOCK TRADING] FTX US Debuts Stock Trading in Push for Bigger Slice of US Retail Pie - CoinDesk

Business:
[KOHL’S SLASHES OUTLOOK] Kohl's Slashes Full-Year Outlook, Says Final Sale Bids Expected in Coming Weeks - CNBC
[TENCENT EARNINGS] Tencent Profits Plunge As It Grapples With Lockdowns, Regulation - CNBC
[KLARNA VALUATION DROP] SoftBank-Backed Fintech Giant Klarna Looks for New Funds at Lower Valuation - WSJMelvin Capital to Close Funds, Return Cash to Investors - WSJ
Tesla Loses Spot on S&P ESG Index Due to Concerns Over Crashes, Working Conditions - BloombergEarnings:

Today PM: Applied Materials, Palo Alto Networks
Tomorrow AM: John Deere, Foot Locker

Macro:
[HOUSING STARTS] U.S. Single-Family Starts Tumble; Construction Backlog at Record High - Reuters

• The report from the Commerce Department shows a record backlog of homes approved for construction but have yet to be started.
• Homebuilder sentiment falls to 2-year low on declining demand and rising costs.

[POWELL VS. INFLATION] Powell Says Fed Has Resolve to Bring U.S. Inflation Down - WSJ
Speaking of Inflation… U.K. Inflation Hits 40-Year High - WSJ

Crypto:
[CHINA CRYPTO MINING] China Reemerges as Top Mining Hub a Year After Blanket Ban - Blockworks
[ROBINHOOD WALLET] Robinhood Plans ‘Web 3’ Crypto Wallet for DeFi Traders, NFT Buyers - CoinDesk

Business:
[TARGET TUMBLES] Target Earnings Squeezed by Inflation and Fuel Costs - CNBC
[LOWE’S SALES DECLINE] Lowe's Sales Decline as Demand Cools - CNBC
[NETFLIX STAFF CUTS] Netflix Cuts About 150 Staffers in Another Round of Layoffs - WSJ

Earnings:
Today PM: Cisco, Bath & Body Works, Copart
Tomorrow AM: Lightspeed, Kohl's, BJ's, Eagle Materials

Macro:
[RETAIL SALES GROW] Retail Sales Grew 0.9% in April - WSJ
[SUPPLY SHORTAGES] U.S., EU Boost Trade Ties to Remedy Supply Shortages - WSJ

Crypto:
[STATE OF CRYPTO] a16z Addresses Downturn in Inaugural State of Crypto Report - CoinDesk

• The VC firm Andreessen Horowitz (a16z) released its inaugural State of Crypto report this morning.
• All of the State of Crypto report slides are here.

[COIN HIRING HOLD] Coinbase Pares Back Hiring Plans Amid Weak Earnings, Poor Market Condition - CoinDesk

• Coinbase dropped the news in an open note to employees.

Business:
[ELON & TWITTER] Elon Musk Says Twitter Deal Can’t Move Forward Without More Clarity on Fake Accounts - WSJ
[MSFT PAY BOOST] Microsoft Boosts Pay in Fight for Talent - WSJ
[EARNINGS ROUND-UP] This Morning's Earnings Round-Up

• Walmart Reports Big Earnings Miss as Higher Costs, Supply Chain Eat into Profits - CNBC
• Home Depot Raises Full-Year Outlook After Earnings Beat - CNBC
• Shopee-Owner Sea Tops Revenue Estimates on E-commerce Strength - Yahoo
• JD.com Revenue Jumps, Defying China Lockdown Hit to Spending - Bloomberg

Events
NAHB Housing Market Index at 10:00 am
Jerome Powell speaks at the WSJ Future of Everything Festival at 2:00 pm

Earnings
Today PM: Doximity, dLocal, The Container Store
Tomorrow AM: ZIM, Target, Lowe's, TJX, Dynatrace, Colgate-Palmolive

Macro:
[RATE RISE IMPACTS] Borrowing Costs Ballooning for Homebuyers - WSJ
[DOLLAR STRENGTH] The Dollar Flashes Strength - WSJ

• Breaking story: China’s Economic Distress Deepens as Lockdowns Drag On

Crypto:
[BTC LOSSES] Bitcoin Sees Seven Straight Weeks of Losses For the First Time - CoinDesk
[LUNA DRAINS RESERVES] Luna Foundation Guard Left With 313 Bitcoin After UST Crash - CoinDesk

Business:
[MCDONALD’S EXITS RUSSIA] McDonald's to Exit From Russia After Three Decades - NYT
[JETBLUE HOSTILE TAKEOVER] JetBlue to Launch Tender Offer for Spirit - WSJ
[TWITTER DEAL ‘ON HOLD’] Elon Musk Says His $44 Billion Twitter Deal Is 'On Hold' - WSJBiggest Movers - CNBC (Carvana, Warby Parker)

Earnings
Today PM: Take-Two, Sundial, Nubank, Global E
Tomorrow AM: Walmart, HD, Sea, JD

Macro:
[PPI HITS 0.5%] Producer Price Index for final demand increased 0.5 percent, in line with expectations - BLS
·      April Inflation Report Cinches Fed's Half-Point Rate Rise Path - WSJ
[CASINOS ARE BACK] Casinos Just Had Their Best Month Ever - WSJ

Crypto:
[EU VS. STABLECOINS] EU Commission Favors Ban on Large-Scale Stablecoins, Document Shows - CoinDesk
[TETHER LOSES PEG] Tether Loses $1 Peg, Bitcoin Briefly Drops Near $24K - CoinDesk

Business:
[DISNEY EARNINGS] Disney Reports Jump in Disney+ Subscribers in Latest Quarter - CNBC
[RIVIAN PRODUCTION GOALS] Rivian CEO Says Its Chip-Shortage Problems Will Ease This Year - WSJ
[SOFTBANK BIG LOSS] SoftBank Reports $13 Billion Annual Loss, Hit by Tech-Share Slump - WSJ

Other Earnings/Biggest Movers - CNBC
Instacart Files Confidentially for IPO - WSJ
Today PM: Affirm, Aurora, Compass, Figs

Macro:
[TRAVEL INFLATION] Americans Planning Summer Travel Face a New Hurdle: High Inflation - WSJ
[FED STABILITY REPORT] Inflation, Sharp Rise in Interest Rates Pose Financial Risks, Fed Says - WSJ

Crypto:
[UST DEPEGGED] UST Stablecoin Loses Dollar Peg for Second Time in 48 Hours - CoinDesk
[CRYPTO LIQUIDATIONS] Crypto Market Crash Leads to $1B in Liquidations - CoinDesk

Business:
[UPSTART DOWN BAD] Upstart Stock Cut In Half After Earnings as Company Cuts Outlook - MarketWatch
[PELOTON CRASH] Peloton Posts Deeper Loss Than Estimated, Cuts Outlook - Bloomberg
[BLDR STRONG] Builders FirstSource Reports Record First Quarter 2022 Results - Yahoo

Earnings:
Today PM: SoFi, Roblox, Occidental Petroleum, Trade Desk, Coinbase, Unity, Matterport, Rocket Companies
Tomorrow AM: Yeti, Fiverr, EVgo, Paysafe, Mastercraft

Macro:
[TRAVEL INFLATION] Americans Planning Summer Travel Face a New Hurdle: High Inflation - WSJ
[FED STABILITY REPORT] Inflation, Sharp Rise in Interest Rates Pose Financial Risks, Fed Says - WSJ

Crypto:
[UST DEPEGGED] UST Stablecoin Loses Dollar Peg for Second Time in 48 Hours - CoinDesk
[CRYPTO LIQUIDATIONS] Crypto Market Crash Leads to $1B in Liquidations - CoinDesk

Business:
[UPSTART DOWN BAD] Upstart Stock Cut In Half After Earnings as Company Cuts Outlook - MarketWatch
[PELOTON CRASH] Peloton Posts Deeper Loss Than Estimated, Cuts Outlook - Bloomberg
[BLDR STRONG] Builders FirstSource Reports Record First Quarter 2022 Results - Yahoo

Earnings:
Today PM: SoFi, Roblox, Occidental Petroleum, Trade Desk, Coinbase, Unity, Matterport, Rocket Companies
Tomorrow AM: Yeti, Fiverr, EVgo, Paysafe, Mastercraft

Macro:
[OIL PRODUCTION] Oil Prices Top $100, Yet Some Big U.S. Frackers Let Their Production Fall - WSJ
[BIG PORTS PROBLEM?] Port Labor Talks Pose New Complication for Supply Chain - WSJ

Crypto:
[CRYPTO PRICES FALL] Crypto Prices Slump Over the Weekend - WSJ
[TVL HITS LOWS] DeFi Locked Value Falls to Yearly Low, $27B Lost Over the Weekend - CoinDesk

Business:
[PALANTIR TUMBLES] Palantir Earnings, Revenue Guidance Miss as Stock Falls - Yahoo
[LOW-INCOME BROADBAND] AT&T, Comcast, Verizon, Others Commit to Low-Income Broadband Program - WSJ
[UBER COST CUTTING] Uber CEO Tells Staff Company Will Cut Down on Costs - CNBC

Earnings
Today AM: Palantir, BioNTech, Duke Energy
Today PM: Upstart, AMC, Plug Power, Novavax, Tattooed Chef, Blink, Lemonade
Tomorrow AM: Peloton, Sysco, Builders FirstSource

[FED RAISES RATES] Fed Lifts Interest Rates by Half Point in Biggest Hike Since 2000 - WSJ
[PARTY LIKE IT’S 2019] American Consumers Are Shopping, Traveling, and Working Out Like It's 2019 - WSJ
[PRODUCTIVITY FALLS] Labor productivity fell 7.5% in the first quarter, the fastest rate since 1947 - CNBC

Crypto:
[COINBASE MARKETPLACE] Coinbase Opens NFT Marketplace to All - CoinDesk
[WARREN VS. FIDELITY] Sen. Elizabeth Warren Questions Fidelity’s Plan to Put Bitcoin in 401(k)s - WSJ

Business:
[SHOP + ECOMM RESET]
Shopify Sinks After Earnings Miss and $2.1 Billion Deliverr Deal - Bloomberg

• EBay, Etsy Drop on Weak Guidance, Caught Up in an E-Commerce Reset - CNBC
• [ROBINHOOD LENDING] Robinhood Launches Stock-Lending Program - TechCrunch

Other Earnings:
Yesterday PM: Twilio
Today AM: Crocs, Penn National, Sunrun, Wayfair, NikolaEarnings Today PM: Block, Fubo, Lucid, Cloudflare, Opendoor, Mercado Libre, Wish, Doordash

Macro:
[JOB OPENING RISE] U.S. Job Openings, Quits Reach March Records in Tight Labor Market - WSJ
[EU’S RUSSIAN GAS] Europe Scrambles for Energy Before Cutting Itself Off From Russia - WSJ

Crypto:
[NFT SALES DOWN] NFT Sales Are Flatlining - WSJ
[CRYPTO LAUNDERING] Council of Europe Calls for Crypto Laundering Clampdown - CoinDesk

Business:
[AMD CRUSHES EARNINGS] AMD Sales Jump 71%, Shrugging Off Concerns About PC Slowdown - CNBC
[UBER VS LYFT] Uber Pulls Forward Earnings Results After Lyft Shares Plunge on Light Guidance - CNBC
[AIRBNB PROFIT?] Airbnb Revenue Climbs on Record Nightly Bookings and Higher Prices - WSJ

Other Earnings this AM:
Moderna, CVS, Generac, Marriott, Yum Brands
Starbucks yesterdayFOMC Rate Decision at 2:00
Powell Presser at 2:30Earnings:
Today (PM): Etsy, Twilio, Fortinet
Tomorrow (AM): Shopify, Crocs, Penn National Gaming, Datadog, Royal Caribbean, Wayfair

[10-YEAR HITS 3%] 10-Year Treasury Yield Hits 3% for First Time Since 2018 - WSJ
[MORTGAGE RATES] Home Buyers Are Finding Ways to Take the Sting Out of Rising Mortgage Rates - WSJ
[CHINA OUTBREAK] Beijing, Shanghai Outbreaks Renew Debate Over China's Covid-19 Strategy - WSJ

Crypto:
[SEC CRYPTO COPS] SEC to Hire More Cryptocurrency Cops to Fight Digital Frauds - WSJ
[FIFA + ALGORAND] Algorand Scores FIFA Partnership; ALGO Prices Surge - CoinDesk

Business:
[BP TAKES RUSSIA HIT] BP Takes $25.5 Billion Hit From Russia Exit - WSJ
[TRAVEL STOCKS?]

• Expedia Revenue Jumps, Sees a 'Robust' Summer Recovery - Barron's
• MGM Resorts Offers $607 Million for Swedish Online Gambling Company - WSJ

Earnings:
This AM (Pfizer, BP, KKR, Hilton)
This PM (AMD, Airbnb, Starbucks, Lyft, Match Group)
Tomorrow AM: (Moderna, CVS, Generac, Marriott)

Macro:
Americans Are Showing Inflation Fatigue, Some Companies See a Breaking Point - WSJ
Fed Prepares Double-Barreled Tightening With Bond Runoff - WSJ

Crypto:
Solana Goes Dark for 7 Hours as Bots Swarm 'Candy Machine' NFT Minting Tool - CoinDesk
After Eight Years, Wikipedia Stops Accepting Crypto Donations - Decrypt
Telegram Adds Crypto to Messaging App, Opening Path to Payments - CoinDesk

Business:
Buffett Says Berkshire Owns 9.5% of Activision Blizzard Shares - CNBC
Berkshire Earnings Decline on Slowing Economic Growth - CNBC
Apple Abused Dominance in Mobile-Wallets Markets, According to Preliminary EU View - WSJOne recent headline: Spirit Rejects JetBlue Bid, Will Stick with Frontier Deal - WSJ

Events:
FOMC Meeting this week (Wed)
Earnings:
Today AH (Expedia, Diamondback Energy, MGM Resorts)

Macro:
[GDP DOWN] U.S. Economy Shrank in First Quarter - WSJ
[SUPPLY SHOCKS] Russian Gas Cutoff Symbolizes New Era of Supply Shocks and Inflation - WSJ

Crypto:
[SEC RULE PUSHBACK] Cryptocurrency Firms Push Back Against Proposal to Police Treasury Markets - WSJ
[BTC LEGAL TENDER] Central African Republic Becomes Second Country to Adopt Bitcoin - Blockworks

Business:
[FB STOCK JUMPS] Facebook Revenue Slows, User Gains Fuel Stock - WSJ
[TDOC PLUMMETS] Teladoc Stock Plunges After Earnings Outlook Slashed, Large Impairment Charge - MarketWatch
[TWTR EARNINGS] Twitter Reports User Bump, Revenue Miss in Q1 - CNBC

Other news:
PayPal Shares Rise After Quarterly Results - Yahoo
Ford Posts $3.1 Billion First-Quarter Loss, Maintains 2022 Outlook - WSJ
McDonald's Revenue Tops Estimates - CNBC
Carvana Turns to Apollo for Cash - WSJ

Macro:
[SPENDING SLOWDOWN?] Cracks In Consumer Spending? - WSJ

• Related: Bookings for durable goods increased 0.8% in March according to the Commerce Department coming in under economist estimates of 1.0%.

[BOND YIELDS] Real Yields Wade Toward Positive Territory, Denting Stocks - WSJ

Crypto:
[BITCOIN 401(K)] Fidelity to Allow Retirement Savers to Put Bitcoin in 401(k) Accounts - WSJ
[BAYC STOLEN] NFTs Stolen After Bored Ape Yacht Club Instagram, Discord Hacked - CoinDesk

Business:
[TWITTER DEAL REACHED] Twitter Accepts Elon Musk's Offer to Buy Company in $44 Billion Deal - WSJ

• Jack Dorsey tweeted "Elon is the singular solution I trust."

[ELECTRIC CORVETTE] GM's Corvette Is Going Electric - Bloomberg

• In a LinkedIn post, General Motors President Mark Reuss said the automaker will offer a hybrid Corvette as soon as next year.
• Related: Ford's first all-electric F-150 pickup truck is rolling off the assembly line today.

[PEPSI EARNINGS] PepsiCo Raises Revenue Outlook as Earnings Beat Estimates - CNBCEarnings:
AH: Microsoft, Alphabet, Visa, GM, Enphase, Chipotle, Texas Instruments
Tomorrow Before Open: Boeing, Spotify, T-Mobile

Macro
U.S. Home Prices Hit a Record in March - WSJ
Powell Could Seal Expectations of Half-Point Rate Rise in May - WSJ

Crypto
Coinbase NFT Marketplace Goes Live - CoinDesk
Goldman Says Apple, Meta Lead in Developing Metaverse Technology - CoinDesk

Business
Tesla Reports $18.76 Billion in Revenue and Record Margins in Q1 - CNBC
Ackman's Hedge Fund Sheds Stake in Netflix - WSJ
United Airlines Sees a Return to Profit on Surging Summer Travel - Bloomberg

Earnings After Close: Snap, Intuitive Surgical
Earnings Tomorrow: Verizon, American Express

Macro
IMF Sees Global Economic Slowdown Amid Ukraine War - WSJ
Biden Administration Restores Stricter Environmental Reviews - WSJ

• Existing Home Sales at 10am
• Fed’s Beige Book at 2pm

Crypto
Crypto Exchange Uniswap Hit With Class Action Lawsuit - Blockworks
Australia Set to Introduce New Spot ETFs for Bitcoin and Ether Next Week - CoinDesk

Business
Netflix Explores a Version With Ads as Subscriber Base Shrinks - WSJ
ASML Sees Rising Demand After Earnings Hit by Supply Snags - Yahoo Finance
P&G Tops Wall Street Estimates as Price Hikes Counteract Inflation - CNBC

Earnings AH
Tesla, United Airlines

Macro
Housing Starts and Permits Exceed March Expectations Led by Multifamily - Census
              Related: Homebuilder sentiment fell (77 vs. 78 est.) in April for a fourth straight month as elevated mortgage rates are exacerbating high prices for new and existing homes.
The Fed Seeks a Soft Landing - WSJ

Crypto
North Korean Hackers Responsible for Last Month's Ronin Theft, FBI Confirms - Blockworks
Blockchain.com Could Look at an IPO as Early as This Year - Bloomberg

Business
Apollo Global Considers Participating in a Bid for Twitter - WSJ
Spotify Rival Deezer Strikes SPAC Deal Valuing It at About $1.1 Billion - TechCrunch
Blackstone Bets on Campus Housing With $13 Billion Acquisition - WSJ

Other News
Under New Guidance, Zero Countries Remain on CDC’s ‘Do Not Travel’ Covid-19 List - WSJ
Judge Throws Out Federal Mask Mandate for Public Transportation - WSJ

Earnings
Johnson & Johnson reported this morning
Netflix / IBM / Interactive Brokers report this afternoon

Macro
Several Million U.S. Workers Seen Staying Out of Labor Force Indefinitely - WSJ [LABOR FORCE STAYS OUT]
Credit-Card Spending Belies Consumers' Glum View of the Economy - WSJ
China's First Quarter GDP Beats Expectations - CNBC [CHINA’S GDP]

Crypto
Russian Crypto Bill Amendment Targets Mining, Trading - Blockworks [RUSSIAN CRYPTO BILL]
Grayscale CEO on Bitcoin Spot ETF: 'A Matter of When and Not If' - CNBC [GRAYSCALE BITCOIN ETF]

Business
Rivian CEO Warns of Looming Electric-Vehicle Battery Shortage - WSJ [RIVIAN CEO: SHORTAGE?]
Twitter Adopts Poison Pill Plan to Block Elon From Increasing Stake - WSJ [TWITTER POISON PILL]
Bank of America Profit Falls But Tops Estimates - CNBC [BofA EARNINGS]

Events
NAHB Housing Market Index at 10:00
Earnings This Week: Netflix (Tuesday), ASML (Wednesday), Tesla (Wednesday), Snap (Thursday)

Macro
U.S. Retail Spending Advanced Modestly in March - WSJ

Crypto
Ethereum Merge No Longer Expected in June - CoinDesk
NFT of Jack Dorsey's First Tweet Ends With a Top Bid of $280 - CoinDesk

Business
Elon Musk Offers to Buy Rest of Twitter in $43 Billion Deal - WSJ
Big Banks Report Earnings - CNBC

• GS - WSJ
• MS - CNBC
• WFC - WSJ
• C - CNBC
• UNH and TSMC also reported
• TSMC - FT
• UNH - MarketWatch

Starbucks Prepares to Expand Worker Benefits That Might Exclude Unionized Staff - WSJ
Andy Jassy’s First Annual Shareholder Letter - CNBC

+ MARKETS CLOSED TOMORROW

Macro
U.S. Producer Price Index Rises 11.2% - Bureau of Labor Statistics
Chaotic Trading in Energy, Metals and Food Spills into Real World - WSJ

Crypto
Meta Plans to Take a Nearly 50% Cut on NFT Sales In Its Metaverse - CNBC
Bored Apes Go Hollywood With Coinbase-Produced Movie Trilogy - CoinDesk

Business
Peloton Activist Takes Aim at New CEO, Again Pushes For Sale - CNBC
Delta Says Travel Rebound Is Keeping Pace With Surging Fuel Costs - WSJ
JPMorgan Results Marred by $524 Million Loss Tied to Ukraine War - Bloomberg

Other earnings:
BlackRock
Bed Bath and Beyond

Tomorrow’s Earnings:
TSMC
Wells Fargo
Goldman
Citi
Morgan Stanley
UnitedHealth Group
Ally